Relational Rent and Societal Value Creation

Josef Wieland ()
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Josef Wieland: Zeppelin University

Chapter Chapter 10 in Relational Economics, 2020, pp 133-143 from Springer

Abstract: Abstract Relational rents are created in the economy and society as a shared value that has to be distributed. Creating Shared Value (CSV) or Shared Value Creation (SVC) are relevant keywords in a societal discussion on this subject. The extent of achievable relational rents depends on the willingness to cooperate, the ability to cooperate and the resulting opportunities for cooperation of a team or a network of teams. The effectiveness of individual and organisational relational norms play a decisive role in this context. Their discussion, therefore, constitutes a significant part of this chapter, as they are the foundations of a team’s possible cooperation corridor.

Keywords: Relational rents; Shared value creation; Willingness & ability to cooperate; Relational norms (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:recchp:978-3-030-45112-7_10

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DOI: 10.1007/978-3-030-45112-7_10

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